Assessing FX reforms, policies behind S&P’s positive outlook rating for Nigeria

Nigeria’s economic policy shifts, particularly the Central Bank of Nigeria’s (CBN) currency reforms, are earning global recognition, with the latest nod coming from S&P Global Ratings. Over the weekend, the agency revised Nigeria’s outlook from “stable” to “positive” while affirming the country’s “B-/B” rating, citing the effectiveness of ongoing monetary, fiscal, and economic reforms in

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